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Hello traders welcome to a new trading day. So today I have looked at the charts and I like what I see.Remember that there is a lot of data being released today and I would really like to see some dollar strength return and get some of the pairs moving again. OK let us take a look at what I feel can be a great trade for today. Let us look at the EURAUD- This is the 30 minute chart chart. Today we have a chart that is at resistance and is testing this price level for some time now. I am looking to short this pair so I am looking for some candle formations to show me the bulls are tired and we can sell this. I am looking too enter at price of 1.5765. I would look to take profit at the daily pivot at price of 1.5607

Thank you traders and we will talk soon ….William

FX Instructor Forex Blog – For Traders, By Traders

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